Do you find yourself searching for a Houston TX Cyber Liability Insurance policy? If so, don’t hesitate to contact the team at Texas Insurance Agency. Our team of professional insurance agents will help you find the right cyber liability policy that fits the needs of your business.
The Texas Insurance Agency has been serving Greater Houston and surrounding areas since 1999. In that time, we have proven to our community that we are dedicated to offering quality and reliable services. In fact, our reputation for honest service is what sets us apart from other insurance agencies.
First and foremost, we work hard to keep your business at the center of all we do. Keeping your investment and revenue safe from the consequences of unexpected events helps you stay afloat during tough situations. Protect your business with cyber liability coverage!
If you want a team of insurance agents that are knowledgeable, honest, and trustworthy, give Texas Insurance Agency a call. We have locations in Katy and Pearland and look forward to working with you!
What is Cyber Liability Insurance?
In today’s digital age, businesses find themselves more vulnerable than ever to cyber attacks. Moreover, these cyber-attacks don’t always come from outside. There are many companies that rely on collected customer data to run their business.
For instance, credit card companies collect sensitive information so that customers can obtain a line of credit. The moment this information is collected, it is available to cyber-criminals. It is becoming more common for governments to regulate the way companies obtain and store this type of information.
As a business owner, how do you protect your information system from being hacked? Moreover, what is your plan of action if that electronic data is breached and stolen? One solution is to obtain a comprehensive Houston TX Cyber Liability Insurance policy.
This type of policy is also referred to as cybersecurity insurance. Simply put, cyber liability insurance protects you from the repercussions of a lawsuit that results from stolen data. Purchasing this type of insurance plan is just one preventative step you can take to protect your business.
Things to Know:
Cyber liability insurance is available to businesses of all sizes and types. Whether you own an internet-based company or brick-and-mortar shop, the specialists at Texas Insurance Agency can help you find the right policy for your needs.
As stated previously, cyber-attacks can come from inside or outside a company. However, it is important to note that cyber liability insurance is meant to protect your company specifically from outside attacks. If you are searching for a policy that can include both, speak with your insurance agent!
One example of exclusions in your policy might include misuse of sensitive information. For instance, if an employee emails this information on an unsecured network and it is hacked or stolen, your cyber liability insurance will likely not cover this event.
Additionally, if a malicious employee steals sensitive data, trade secrets, or intellectual property, your claim will likely be denied. If your basic policy has these exclusions, there might be a supplemental plan you can get to bridge the gaps.
Preventing Cyber Attacks
As a business owner, you are responsible for the secure collection and storage of sensitive data collected from customers. Therefore, it is ideal to take preventative steps that decrease the likelihood of a successful cyber-attack.
For instance, you can ask a third-party company to conduct a cyber risk assessment. This type of assessment will help you determine weak spots in your IT system and fix them before it’s too late. Overall, this goes far in preventing attacks and theft of information.
When conducting a cyber risk assessment, there are several questions you can ask about the risk your company faces. Consider the following questions:
- What would the impact of a cyber breach be, and how would it affect the company’s ability to function?
- What type of threats might your company face?
- How can you change specific vulnerabilities to protect the company’s data?
If you have an internet-based company, chances are you have a professional team of IT experts who can perform the risk assessment. The alternative is to hire an outside source to do the assessment for you.
Choosing a reputable company means you get the most out of the services. The right kind of risk assessment will identify potential threats, which helps you develop an action plan to keep those threats from gaining ground.
The Benefits of Having a Cyber Liability Policy
Traditionally, firewall and anti-virus software have been the means used to protect against breaches in data. However, hackers and cyber-criminals have become much smarter, growing more sophisticated in their methods as software developers do the same.
With cyber-crimes, it’s not so much a question of if it’ll happen, but when. Protect your business by purchasing a cyber liability policy from Texas Insurance Agency.
Know the Law
Most governments have legislation that requires businesses to take reasonable steps to protect customer data. In fact, the European Union (EU) recently passed a General Data Protection Regulation law.
In part, this law states when a business meets certain qualifications, it must hire a Data Protection Officer (DPO). It is the job of the DPO to detect and intercept cyber-attacks before they happen.
Houston TX Cyber Liability Insurance
If you need a reliable and trustworthy insurance agent, consider contacting the professional team at Texas Insurance Agency. Taking these preventative steps means you are going the extra mile to secure your company against cyber-attacks. Furthermore, it shows your customers that you take the protection of their information seriously.
Our team offers an assortment of insurance services, including:
- Commercial auto insurance
- Harbor insurance
- Crop insurance
- Trucking insurance
- Small business insurance
- Equine insurance
- General contractor insurance
To learn more about Texas Insurance Agency, our locations, and services, visit our website! There you can also read our blog and even receive a free quote. For a Houston TX Cyber Liability Insurance policy, contact us today!
Houston, TX Fun Facts:
- There is a tunnel system beneath Downtown Houston.
- The Port of Houston is one of the busiest in the nation.
- Houston is the home of ten thousand restaurants and food trucks.
- For more information about Houston, TX, visit the city’s website!